UOP lands phenol technology deal in South Korea
Honeywell’s UOP has been selected by South Korea’s Kumho P&B Chemicals to provide technology to produce key petrochemicals for the manufacture of plastics.
Honeywell's UOP Q-Max and UOP Phenol process technologies will be integrated at Kumho's Yeosu, South Korea , facility to produce high-quality phenol, the company said.
According to industry consultants, the demand for materials produced using these petrochemicals is forecasted to grow in Asia by as much as 9%/year over the next five years, driven by demand for automobiles, appliances and electronics.
"We're pleased to continue to grow UOP's long-standing relationship with Kumho and for the opportunity to work with them on our largest cumene production unit to date," said Pete Piotrowski , senior vice president for process technology and equipment at UOP.
"As worldwide petrochemicals demand increases, Honeywell's UOP will continue to offer the advanced technology needed to maximize production quality and capacity to support these needs,” he added.
The new units, expected to start up in 2013-2014, will produce 900,000 metric tons of cumene and 300,000 metric tons of phenol annually.
UOP will provide engineering design, technology licensing, catalysts, adsorbents and technical service for the project.
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